Today, Jefferies analyst Elaine Kwei called the the fire a "freak
accident" and wrote that "the Model S is still considered safer
than conventional vehicles."

Kwei raised her price target to $210, from $160.

She also raised her third quarter Model S delivery estimate to
5,500 units, from 5,250 units "based on reported VIN numbers,
deliveries in Europe, and higher rates of production."

"Last week we held test drives and meetings with Jeff Evanson, VP
of IR," she wrote. "Based on our discussions with investors and
opinions expressed by current/prospective owners, it appears the
Model S is still considered safer than conventional vehicles, in
contrast to media headlines questioning EV safety. The company’s
track record of innovation and groundbreaking products gives us
confidence in the execution of future vehicles."